NFT News by Thebittimes.Com

Justin Bons, Founder and CIO of Cyber Capital Europe’s oldest cryptocurrency fund, criticized the current dominant finance model in the cryptocurrency market based on Venture Capitalists’ (VCs) fundraising. According to Justin Bons, cryptocurrencies are currently dominated by “predatory VCs.” This situation, according to Bons, stems from regulatory pressures that have made Initial Coin Offerings (ICOs) effectively illegal, handing over the entire early-stage market to VCs. Previously, Finbold reported another analyst sharing a similar view about the topic. Miles Deutscher highlighted these new fundraising dynamics as one of the “fundamental flaws” preventing crypto currencies from reaching higher grounds. Picks for you Solana vs. Avalanche: Will AVAX's steady rally overtake SOL's FOMO surge? ...

A popular Bitcoin price model returns to center stage as BTC’s next halving approaches. Bitcoin is struggling to reclaim its psychologically important level of $30,000 as analysts predict that choppy accumulation may last for months. Bitcoin (BTC) soared to a new yearly high of over $31,800 on July 13, driven by optimism surrounding the potential approval of exchange-traded funds (ETFs) in the United States and Ripple’s landmark legal victory in its case against the U.S. Securities and Exchange Commission regarding the classification of XRP (XRP) as a security. However, five days after the pump, BTC closed below $30,000 as buyers struggled to push the price back above the crucial support level. Despite Bitcoin’s price showing weakness in the short term, historical on-chain movements and empirical data suggest that the worst days of the bear market are likely over. Long-term holders are unmoved, but short-term investors could sell Glassnode’s latest report shows that Bitcoin’s price ac...